Biofine Developments Northeast

United States
Joliet, Illinois, United States

Company profile

Biofine Developments Northeast company profile

Biofine Developments Northeast produces biofuels and renewable chemicals from wood waste and similar cellulosic waste feedstocks. The company's proprietary technology, licensed from Biofine Technology (BT), enables the economic production of renewable fuels and chemicals from cellulosic biomass. The Biofine technology has been developed over the past 25 years with strategic partners and is now ready for commercial application. BDNE has received wide support from the heating oil and chemical industries, both of which have indicated significant demand for their product portfolio.

Business identity

Operating status
Active
Company type
For Profit
Employee range
11-50 employees
Revenue range
$0-$1M
Founded
2019-01-01, Year

Headquarters

Country code
US
Continent
North America

Capital profile

Funding and company signals

Funding stage
Early Stage Venture
Funding rounds
2
Total equity funding
$2M
Last funding
Series A / $2M / 2021-01-25
Last equity funding
Series A / $2M
Investors
1
Lead investors
1
Founders
2
Articles
1

Founders and investors

Founders

Mike CassataStephen Fitzpatrick

Lead investors

Maine Technology Institute

Investors

Maine Technology Institute